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Side-by-side financial comparison of Coupang, Inc. (CPNG) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.8B vs $4.6B, roughly 1.9× Principal Financial Group). Principal Financial Group runs the higher net margin — 11.3% vs -0.3%, a 11.6% gap on every dollar of revenue. On growth, Coupang, Inc. posted the faster year-over-year revenue change (10.9% vs -3.7%). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (11.4% CAGR vs 6.3%).
Coupang, Inc. is an American Delaware-incorporated technology and online retail company headquartered in Seattle, Washington. Founded in 2010 by Bom Kim, the company operates a retail business, food delivery service, and OTT streaming service, with offices and operations in South Korea, Taiwan, the United States, India, Japan and Singapore.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
CPNG vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $4.6B |
| Net Profit | $-26.0M | $517.0M |
| Gross Margin | 28.8% | — |
| Operating Margin | 0.1% | — |
| Net Margin | -0.3% | 11.3% |
| Revenue YoY | 10.9% | -3.7% |
| Net Profit YoY | -116.7% | -42.9% |
| EPS (diluted) | $-0.02 | $2.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.8B | $4.6B | ||
| Q3 25 | $9.3B | $3.7B | ||
| Q2 25 | $8.5B | $3.7B | ||
| Q1 25 | $7.9B | $3.7B | ||
| Q4 24 | $8.0B | $4.8B | ||
| Q3 24 | $7.9B | $3.0B | ||
| Q2 24 | $7.3B | $4.3B | ||
| Q1 24 | $7.1B | $4.1B |
| Q4 25 | $-26.0M | $517.0M | ||
| Q3 25 | $95.0M | $213.8M | ||
| Q2 25 | $32.0M | $406.2M | ||
| Q1 25 | $107.0M | $48.1M | ||
| Q4 24 | $156.0M | $905.4M | ||
| Q3 24 | $70.0M | $-220.0M | ||
| Q2 24 | $-77.0M | $353.1M | ||
| Q1 24 | $5.0M | $532.5M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 29.4% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 29.3% | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 29.3% | — | ||
| Q1 24 | 27.1% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | -0.3% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | -0.3% | 11.3% | ||
| Q3 25 | 1.0% | 5.8% | ||
| Q2 25 | 0.4% | 11.1% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 2.0% | 19.1% | ||
| Q3 24 | 0.9% | -7.3% | ||
| Q2 24 | -1.1% | 8.2% | ||
| Q1 24 | 0.1% | 13.1% |
| Q4 25 | $-0.02 | $2.30 | ||
| Q3 25 | $0.05 | $0.95 | ||
| Q2 25 | $0.02 | $1.79 | ||
| Q1 25 | $0.06 | $0.21 | ||
| Q4 24 | $0.08 | $3.92 | ||
| Q3 24 | $0.04 | $-0.95 | ||
| Q2 24 | $-0.04 | $1.49 | ||
| Q1 24 | $0.00 | $2.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.3B | $4.4B |
| Total DebtLower is stronger | $648.0M | $3.9B |
| Stockholders' EquityBook value | $4.6B | $11.9B |
| Total Assets | $17.8B | $341.4B |
| Debt / EquityLower = less leverage | 0.14× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $7.2B | $5.1B | ||
| Q2 25 | $6.8B | $3.7B | ||
| Q1 25 | $6.1B | $3.9B | ||
| Q4 24 | $5.9B | $4.2B | ||
| Q3 24 | $5.8B | $6.2B | ||
| Q2 24 | $5.5B | $4.8B | ||
| Q1 24 | $5.2B | $4.2B |
| Q4 25 | $648.0M | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $988.0M | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $4.6B | $11.9B | ||
| Q3 25 | $4.7B | $11.7B | ||
| Q2 25 | $4.7B | $11.4B | ||
| Q1 25 | $4.4B | $11.2B | ||
| Q4 24 | $4.1B | $11.1B | ||
| Q3 24 | $4.2B | $11.2B | ||
| Q2 24 | $3.9B | $11.0B | ||
| Q1 24 | $4.1B | $11.2B |
| Q4 25 | $17.8B | $341.4B | ||
| Q3 25 | $18.7B | $334.5B | ||
| Q2 25 | $17.8B | $323.1B | ||
| Q1 25 | $16.0B | $313.0B | ||
| Q4 24 | $15.3B | $313.7B | ||
| Q3 24 | $16.3B | $322.9B | ||
| Q2 24 | $15.2B | $308.8B | ||
| Q1 24 | $14.9B | $308.7B |
| Q4 25 | 0.14× | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | 0.24× | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $82.0M | $1.7B |
| Free Cash FlowOCF − Capex | $-278.0M | — |
| FCF MarginFCF / Revenue | -3.1% | — |
| Capex IntensityCapex / Revenue | 4.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $522.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.0M | $1.7B | ||
| Q3 25 | $792.0M | $1.0B | ||
| Q2 25 | $545.0M | $811.9M | ||
| Q1 25 | $354.0M | $977.3M | ||
| Q4 24 | $676.0M | $1.5B | ||
| Q3 24 | $334.0M | $1.1B | ||
| Q2 24 | $664.0M | $1.4B | ||
| Q1 24 | $212.0M | $584.2M |
| Q4 25 | $-278.0M | — | ||
| Q3 25 | $439.0M | — | ||
| Q2 25 | $246.0M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $462.0M | — | ||
| Q3 24 | $-46.0M | — | ||
| Q2 24 | $486.0M | — | ||
| Q1 24 | $105.0M | — |
| Q4 25 | -3.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | — | 3.37× | ||
| Q3 25 | 8.34× | 4.70× | ||
| Q2 25 | 17.03× | 2.00× | ||
| Q1 25 | 3.31× | 20.32× | ||
| Q4 24 | 4.33× | 1.61× | ||
| Q3 24 | 4.77× | — | ||
| Q2 24 | — | 4.05× | ||
| Q1 24 | 42.40× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
